As I v e posted continuously on this thread GPT ( minus hospitality ) control what must be considered amongst the bestcommercial assets (offices and retail ) in Australia.
Lets again re visit THE FACTS !
underlying property assets continue to perform
99.2% leased ,
WALE of 5.2-7.2 years ,
blue chip tenants incl govt therefore low threat to to income falling,
income growt av 5.5%
interest cover 2.5x
Gearing only 33.3%
Even with possible property devaluations income is not effected and the ability to pay interest is not therefore effected even if gearing increases . ie banks still get paid and valuations shall increase in line with pick up in market.
NTA 1.43
Now the question is who is ( GIC or SGP ) going to take advantage of what IMO are ridiculously cheap prices and take out GPT
SGP with 9.8% @ av 1.50 ( surely they need to purchase more to reduce av purchase price ) or
GIC with 7.36% ??
Surely one of these 2 are buying at these (IMHO ) ridiculously cheap prices ,they can t afford not to. I ve been accumulating and will continue to
All above my thouughts only and posted here for discussion purposes DYOR
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Last
$4.80 |
Change
0.060(1.27%) |
Mkt cap ! $9.194B |
Open | High | Low | Value | Volume |
$4.79 | $4.81 | $4.73 | $26.28M | 5.488M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | $4.78 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$4.81 | 5000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2000 | 4.780 |
3 | 44808 | 4.770 |
4 | 99514 | 4.760 |
2 | 15681 | 4.750 |
1 | 3904 | 4.740 |
Price($) | Vol. | No. |
---|---|---|
4.810 | 5000 | 1 |
4.820 | 48407 | 4 |
4.830 | 121669 | 7 |
4.840 | 4018 | 2 |
4.850 | 8904 | 2 |
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